On Thursday, the hesitant recovery of the stock markets from Wednesday continued with momentum.

The Dax again exceeded the 14,000 point mark.

At noon, the leading German index was up around 1.8 percent at 14,045 points.

The M-Dax gained around 1.4 percent to 30,229 points.

The broader European leading index Euro Stoxx 50 rose by 1.8 percent to 3803 points.

The good quarterly figures of many companies convinced investors.

In addition, there were cheaper prices after the weak stock market days in the first half of the week.

The shock of the Russian gas supply stop for Poland and Bulgaria seems to have been digested for the time being.

Gregory Bruner

Editor in Business.

  • Follow I follow

The euro continued to struggle to break out of its downward movement.

The common currency briefly fell below $1.05 in the morning.

At noon, one euro cost $1.0533, 0.2 percent less than the day before.

Other currencies are also coming under increasing pressure.

British pounds fell against the dollar to their lowest level since July 2020. A dollar exchange rate exceeded 130 yen for the first time in 20 years on Thursday.

The Japanese central bank had announced that it would stick to its loose monetary policy in order to continue to support the economy.

Their goal remains to keep inflation in Japan stable above 2 percent.

The central bank's decisions also supported the Tokyo stock exchange.

The leading index Nikkei 225 closed trading 1.75 percent up at 26,848 points.

In China, the zero-Covid policy continued to weigh on the courses.

The economically important cities of Beijing and Shanghai continue to face lockdowns and mass testing.

The CSI 300 index with the 300 most important companies from mainland China recently gained 0.11 percent to 3889 points.

In Hong Kong, the Hang Seng rose 0.55 percent to 20,055 points.

The price of oil hit the spot on Thursday.

The American crude oil type WTI cost 102.19 dollars per barrel, hardly changed from the previous day.

At $105.54, the North Sea variety Brent was around 0.4 percent more expensive than on Wednesday.

Gold cost 0.15 percent more at EUR 1,794.78 per troy ounce.

Futures transactions on the American stock indices pointed to a friendlier opening.

The Dow Jones index of blue chips was expected to be 0.9 percent higher, with the broader S&P 500 1.5 percent higher.

American technology stocks also seem to have survived the sell-off of the past few days.

Investors expected the Nasdaq 100 technology index to rise by 2 percent.

In the course of the day, investors look at the first estimate of the Federal Statistical Office for German inflation in April.

Experts expect a value between 7 and 7.5 percent.

In March, consumer prices rose 7.3 percent year-on-year.

Persistently high inflation is increasing the pressure on the European Central Bank to reconsider its loose monetary policy stance.